Allied Esports Inc. (AESE) stock is soaring in current market trading. Here’s to know why:

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Allied Esports Inc. (NASDAQ: AESE) stock rises by 4.31% during the current market trading session. Following this rise in stock, there is no recent news available. Through the strategic merger of two strong brands, Allied Esports and the World Poker Tour (WPT), Allied Esports Entertainment, Inc. (NASDAQ: AESE) is a worldwide pioneer in esports entertainment, offering groundbreaking infrastructure, transformative live events, multiplatform content, and digital services to audiences worldwide.

What is happening?

Allied Esports, a subsidiary of Allied Esports Entertainment Inc. is known for its global recognition as an esports entertainment company has announced a three day esports event with Brookfield Properties that is also a big name in real estate business. The event is happening on March 26-28 at Brookfield’s First Colony Mall in Sugar Land, Texas.

For the first time, Allied Esports is taking its famous “Saturday Night Speedway” presenting Mario Kart 8 Deluxe experience out of the desert and onto the streetsin which they are offering a chance for its fans to make their way to the top of the leaderboard which will help them win a paid trip to HyperX Esports Arena Las Vegas to compete on the main stage.

Other recent events

On March 16, AESE made an announcement about the revised proposal from Bally’s Corporation. AESE said that their Board of directors and the legal and financial advisors of AESE have concluded that the revised proposal comprises a “Superior Proposal” under Allied Esports’s pending stock purchase agreement with Element Partners, LLC.

The revised plan calls for Bally to buy out all of the equity interests in Club Services, Inc. (“CSI”), which is an indirect wholly-owned subsidiary of Bally that is bound to manage Bally’s poker-related business and properties, including the companies that make up the World Poker Tour, for $90 million in cash at the closing.

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